18-24 months ago they stumbled with a restaurant royalty, but are doing well with a new royalty concerning a muffler business at Walmart. But this will be cyclical in a downturn. The dividend is safe now.
Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.
They buy the royalty rights for a company they are taking over. It is a high growth business. They have increased same store sales. The value will probably go up from here.
Diversified Royalty Corp is a Canadian stock, trading under the symbol DIV-T on the Toronto Stock Exchange (DIV-CT). It is usually referred to as TSX:DIV or DIV-T
In the last year, 1 stock analyst published opinions about DIV-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Diversified Royalty Corp.
Diversified Royalty Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Diversified Royalty Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Diversified Royalty Corp In the last year. It is a trending stock that is worth watching.
On 2023-06-02, Diversified Royalty Corp (DIV-T) stock closed at a price of $2.83.